MACAO - Macao's broad money supply retreated in February, and resident deposits also dropped, the special administrative region's monetary watchdog said on Wednesday.The latest report issued by the Monetary Authority of Macao said that currency in circulation and demand deposits grew 6.0 percent and 0.3 percent respectively. M1 thus increased 1.5 percent from one month earlier.On an annual basis, M1 and M2 grew 11.7 percent and 12.1 percent respectively.Resident deposits dropped 0.7 percent from the preceding month to 589.9 billion patacas (about $72.96 billion) while non-resident deposits also fell 1.1 percent to 254.7 billion patacas (about $31.50 billion).Meanwhile, public sector deposits with the banking sector increased 4.7 percent to 197.4 billion patacas (about $24.44 billion).At the end of February, the loan-to-deposit ratio for the resident sector edged up from 58.6 percent at the end of January to 58.7 percent. Meanwhile, the ratio for both the resident and non-resident sectors also rose from 87.0 percent to 87.1 percent. entrance wristbands24 wristbandscustom silicone bandswristbands onlinecustom made rubber braceletsrubber bracelet maker
XINING - Vice-Premier Zhang Gaoli has underlined the importance of environmental protection in northwest China's Qinghai Province. Zhang made the remarks during a visit to Qinghai between Thursday and Friday. As an important shield for China's ecological security, the province should make clear areas that are off-limits for development and the rules for access to create natural space in which people and nature co-exist in harmony, Zhang said. Qinghai should build a green and sustainable industrial system with its own distinctive features and push ahead construction of projects including the Qilian Mountain water conservation area and the region surrounding the Qinghai Lake, Zhang said. He also said that the environment supervision system and the natural resource asset management mechanism must be improved.
